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SoftBank-backed Oyo to offload more loss-making hotels amid pandemic

TMT

30 April, 2020

SoftBank-backed Oyo to offload more loss-making hotels amid pandemic

India’s Oyo Hotels and Homes, backed by SoftBank Group, plans to offload more properties around the world, three sources familiar ......

SoftBank writes down WeWork by $6.6 bn, compounding portfolio misery

TMT

30 April, 2020

SoftBank writes down WeWork by $6.6 bn, compounding portfolio misery

SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March ......

For SoftBank's Masayoshi Son, coronavirus turns vision to illusion

Finance

23 April, 2020

For SoftBank's Masayoshi Son, coronavirus turns vision to illusion

SoftBank Group Corp founder Masayoshi Son's dream of a global tech empire is unravelling, with the coronavirus crisis compounding losses ......

Fading Vision Fund to tip SoftBank into first loss in 15 years

Finance

14 April, 2020

Fading Vision Fund to tip SoftBank into first loss in 15 years

SoftBank expects its $100 billion Vision Fund to book a loss of 1.8 trillion yen due to the worsening performance ......

WeWork sues SoftBank for dropping $3 bn tender offer

Infrastructure

08 April, 2020

WeWork sues SoftBank for dropping $3 bn tender offer

A WeWork board committee that negotiated a $3 billion tender offer with SoftBank Group sued the Japanese conglomerate on Tuesday ......

SoftBank to sell up to $41 bn assets to fund share buyback, cut debt

Finance

23 March, 2020

SoftBank to sell up to $41 bn assets to fund share buyback, cut debt

SoftBank Group Corp said on Monday it is selling or monetising up to 4.5 trillion yen ($41 billion) in assets ......

SoftBank Group's shares slump on scepticism over startup bets

TMT

18 March, 2020

SoftBank Group's shares slump on scepticism over startup bets

SoftBank Group Corp shares fell as much as 11.6% on Wednesday, with its market capitalisation dipping below the value of ......

SoftBank's Masayoshi Son vows to be more careful after WeWork, other bets sour

Finance

03 March, 2020

SoftBank's Masayoshi Son vows to be more careful after WeWork, other bets sour

SoftBank Group Corp Chief Executive Masayoshi Son, under pressure from hedge fund Elliott Management to rein in his mercurial investment ......

SoftBank spends $2.5 bn to get second Vision Fund off the ground

Finance

19 February, 2020

SoftBank spends $2.5 bn to get second Vision Fund off the ground

SoftBank Group Corp has pumped $2.5 billion of its own cash into new investments since October, people familiar with the ......

SoftBank scales back second Vision Fund as first fund's loss wipes out group profit

Finance

12 February, 2020

SoftBank scales back second Vision Fund as first fund's loss wipes out group profit

Quarterly profit at SoftBank Group Corp was almost wiped out as the Japanese technology giant was hit for a second ......